SEC Filing Summary: Blackstone Inc. (13F-HR)
Business Context and Reporting Period
This filing is a Form 13F-HR submitted by Blackstone Group Inc. for the reporting period ended December 31, 2019. The report discloses the institutional investment manager's equity holdings and investment discretion. The filing was signed by John G. Finley on February 14, 2020.
Key Financial Metrics
As a Form 13F, this document reports portfolio holdings rather than the company's operational financial performance (revenue, profit, or cash flow). The filing text does not provide values for Blackstone Inc.'s revenue, margins, debt, or liquidity.
- Total Portfolio Value Reported: $15,395,843,000 (15,395,843 thousands)
- Total Number of Holdings: 72 entries
- Other Included Managers: 4 (GSO Capital Partners LP, Blackstone Management Partners L.L.C., Clarus Ventures, LLC, Blackstone Alternative Solutions L.L.C.)
Material Changes and Disclosures
The filing includes specific disclosures regarding investment discretion and shared control:
- Michaels Cos Inc: Includes 520,940 shares not under Blackstone Group Inc.'s direct discretion but under Blackstone Family GP L.L.C., controlled by Stephen A. Schwarzman.
- First Eagle Investment Management: Blackstone may be deemed to have shared control with Corsair Capital LLC, though an information barrier is in place.
- Harvest Fund Advisors LLC (HFA): An indirect subsidiary where Blackstone may be deemed to have shared investment discretion, subject to an information barrier.
- Options: Reported options may include multiple series of call or put options for a single issuer.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors. It is a statutory disclosure of holdings as of the period end.
Investor Verification Checklist
- Verify the total portfolio value of approximately $15.4 billion against Blackstone's broader 10-K or 10-Q filings for context on total assets under management.
- Confirm the specific breakdown of the 72 holdings to understand sector concentration.
- Review the relationship disclosures regarding First Eagle and Harvest Fund Advisors to understand potential conflicts of interest or shared discretion.
- Note that this report covers only equity securities subject to Section 13(f) and excludes non-equity assets or holdings not under the manager's discretion.